US Issues Sanctions on Turkish Bank that It Calls a ‘Critical Financial Lifeline’ for Iran
Treasury said the bank facilitated tens of millions of dollars for Iran’s Quds Force and will block its access to the U.S. financial system.
- On Friday, the Treasury sanctioned Golden Global Yatirim Bankasi Anonim Sirketi to sever "critical financial lifelines" for the Iranian government, marking Washington's latest effort to isolate Tehran after more than six months of war.
- Treasury Secretary Scott Bessent announced "Operation Economic Outcast" nearly a week ago to force Tehran to capitulate, a strategy following recent military strikes and rising concerns over potential regional war involving Iran.
- Last week, Washington targeted an Egyptian bank's operations in the United Arab Emirates, while Bessent discussed these strategies during the G20 Finance Ministerial in Asheville, Sept. 1, seeking to isolate Iran from global partners.
- Promises of an "Economic D-Day" for "Operation Economic Outcast" have turned into warnings and negotiations with partners to restrict the financial reach of the Iranian government globally.
- The Trump administration resumed military strikes in recent days, prompting Iranian retaliation that has renewed regional war fears; these actions coincide with ongoing economic pressure campaigns designed to force Tehran to accept new demands.
225 Articles
225 Articles
Despite sanctions, Iran funnels billions through US banks
Iran is moving billions of dollars a year through the US banking system, enabling it to launder money and evade sanctions on a massive scale, The Wall Street Journal reports. Western officials and investigators at financial institutions told the newspaper that billions of dollars in Iranian funds pass through clearing accounts at US banks each […] The post Despite sanctions, Iran funnels billions through US banks appeared first on www.israelhayo…
The Latest: US tightens economic squeeze on Iran after a week of renewed strikes
The U.S. Treasury has imposed sanctions on the Turkish bank Golden Global Yatirim Bankasi Anonim Sirketi. This move is part of the Trump administration's effort to cut financial ties with Iran. Last week, the administration launched "Operation Economic Outcast" to…
US Sanctions Turkish Bank for $450M Iranian Oil Evasion Scheme
The US has sanctioned Turkey’s Ziraat Bankasi Dubai branch for facilitating over $450 million in Iranian oil revenue via Chinese front companies, gold bars, and cash couriers. The elaborate evasion network highlights persistent gaps in sanctions enforcement despite years of US pressure.
U.S. sanctions Turkish bank, accusing it of helping Iran transfer oil revenue from China to Turkey by converting it to cash and gold
The actions against Golden Global Yatirim Bankasi Anonim Sirketi come after Treasury Secretary Scott Bessent last week launched “Operation Economic Outcast."
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